Software Portfolios in Software Asset Management Dataset (Publication Date: 2024/02)

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Discover Insights, Make Informed Decisions, and Stay Ahead of the Curve:



  • What is your basis for planning what software is installed where and what software will be installed where?
  • Which strategies is your organization most likely to use when rationalizing applications?
  • How will software change and configuration management keep pace with enterprises application and infrastructure portfolios?


  • Key Features:


    • Comprehensive set of 1543 prioritized Software Portfolios requirements.
    • Extensive coverage of 131 Software Portfolios topic scopes.
    • In-depth analysis of 131 Software Portfolios step-by-step solutions, benefits, BHAGs.
    • Detailed examination of 131 Software Portfolios case studies and use cases.

    • Digital download upon purchase.
    • Enjoy lifetime document updates included with your purchase.
    • Benefit from a fully editable and customizable Excel format.
    • Trusted and utilized by over 10,000 organizations.

    • Covering: Cost Optimization, Project Management Software, Virtual Asset Management, Software Usage, License Management, ITAM Software, System Customization, SAM Policy, Market Analysis Tools, Cost Allocation, Information Technology, Software Deployment, Vendor Audits, Infrastructure Asset Management, Vendor Negotiations, Patch Support, Tracking Compliance, It Like, Licensing Metrics, Software Inventory, Cost Reduction, License Fees, Software Licensing, Asset Auditing, Flowchart Software, Software Portfolios, Asset Finance, Contract Reviews, Contract Management, Asset Tagging, Licensing Specialist, Software Purchases, License Compliance Tools, Supply Chain Management, Risk Assessment, Supplier Service Compliance, Software Updates, Asset Rationalization, License Optimization, License Agreements, Contract Negotiation, License Usage, SAM Tools, License Cost Management, Asset Management Program, Contract Expiration, License Entitlements, Software Consolidation, Obsolete Software, License Governance, Software Compliance, Asset Optimization Software, Software Expiration, Hardware Assets, Software Compliance Training, Virtualization Software, Risk Tolerance Levels, Software Asset Management, Software Evaluation, Revenue Leakage, Asset Optimization, Future Prospects, Vendor Contracts, Expense Software, License Transfers, Incident Management, Asset Compliance, Asset Tracking, License Metering, License Renewals, License Reconciliation, Asset Ownership, License Audits, Renewal Tracking, Software Maintenance, License Revocation, Asset Upgrades, License Tracking Tools, Virtual Machine Licensing, Data Driven Decision Making, Software Upgrades, Asset Lifecycle, Risk Management, SaaS Subscriptions, Audit Preparation, Mobile Device Management, AM Tools, Service History Management, IT Asset Management, Capacity Management Tools, Software Documentation, Software Expiry, Software Replacements, Contract Renewal, Cloud Licensing, Change Management Model, Usage Monitoring, Software Procurement, License Management System, Risk Management Service Asset Management, Online Safety, Software Contracts, Software Lifecycle, ERP Management Experience, Asset Identification Tags, Maintenance Contracts, Asset Management Strategy, Vendor Management, Disaster Recovery, Inventory Analysis, ITAM Integration, License Support, Staffing Considerations, ITSM, Asset Retirement, Compliance Review, Asset Discovery, License Tracking, Asset Disposal, Application Packaging, Software Budgeting, Hardware Asset Management, End Of Life Software, License Compliance, Compliance Reporting, License Migration, Software Applications, Software Retirement, Secure Software Management, Strategic Enhancement, Asset Valuation




    Software Portfolios Assessment Dataset - Utilization, Solutions, Advantages, BHAG (Big Hairy Audacious Goal):


    Software Portfolios


    Software portfolios are a collection of software applications used to support business processes and meet specific needs, allowing for efficient planning and implementation based on their functionality and purpose.


    1. Inventory tracking: Helps in creating a comprehensive list of software installed across all systems which enables better planning.
    2. Usage data analysis: Analyzing software usage data can aid in identifying redundant or underutilized applications for optimization.
    3. License management: Keeping track of software licenses and their expiration dates can prevent overbuying or non-compliance.
    4. Vendor engagement: Regular communication and negotiation with software vendors can result in cost savings and optimum licensing.
    5. Asset discovery: Leveraging automated asset discovery tools helps in identifying software that may have been installed without proper approval.
    6. Contract management: Maintaining an accurate record of software contracts ensures compliance and helps in renewing or terminating licenses.
    7. Cloud migration: Identifying legacy applications and planning for cloud migration can reduce costs and improve efficiency.
    8. Virtualization: Consolidating software licenses on virtual machines can reduce the number of required licenses, resulting in cost savings.
    9. Centralized purchasing: Centralizing software purchasing can lead to volume discounts and easier license tracking.
    10. Risk management: Regular audits and risk assessments can identify any potential security or compliance risks related to software usage.

    CONTROL QUESTION: What is the basis for planning what software is installed where and what software will be installed where?


    Big Hairy Audacious Goal (BHAG) for 10 years from now:

    In 10 years, our goal for Software Portfolios is to become the leading provider of intelligent and adaptable software solutions that harness the power of artificial intelligence and machine learning. Our software will be seamlessly integrated across all devices and platforms, making it accessible from anywhere, at any time.

    The basis for planning what software is installed where and what software will be installed in the future will be a combination of data analysis, user feedback, and predictive analytics. Our software will continuously gather and analyze data on usage patterns, user needs, and industry trends to tailor its recommendations for software installation and updates.

    This approach will not only optimize the performance of individual devices and networks, but also create a personalized and dynamic software experience for each user. With the help of advanced AI algorithms, our software portfolios will anticipate and adapt to changing technology landscape, ensuring that our clients are always equipped with the most cutting-edge and relevant software.

    Our ultimate goal is to revolutionize the way companies manage their software assets, eliminating unnecessary costs and improving overall efficiency and productivity. We envision a future where our software portfolios are the backbone of every organization, providing them with a competitive edge in the fast-paced and ever-evolving world of technology.

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    Software Portfolios Case Study/Use Case example - How to use:



    Case Study: Software Portfolio Planning

    Synopsis of Client Situation:
    ABC Inc., a global manufacturing company, had been facing challenges with managing their software portfolio. With operations spread across different regions and departments, maintaining a standardized and optimized software portfolio had become a daunting task. The IT team was struggling to keep track of all the applications installed and their usage, leading to inefficient resource management and increased costs. The client was seeking assistance in developing a strategic approach for planning what software is installed where and what software will be installed in the future.

    Consulting Methodology:
    To address the client′s challenges, our consulting team adopted a structured methodology that involved a thorough analysis of the current state of the software portfolio, defining key stakeholders, identifying business objectives and requirements, and developing a robust plan for software portfolio planning. The project consisted of four phases:

    1. Current State Analysis: Our team conducted a comprehensive review of the client′s software portfolio, including applications, licenses, usage, and expenditures. Interviews were conducted with key stakeholders from various departments to understand their software needs and preferences. This helped in identifying any redundancies, unused licenses, and potential cost-saving opportunities.

    2. Stakeholder Analysis: A stakeholder analysis was performed to identify all the departments, teams, and individuals who have a say in software procurement and usage. This step was crucial in identifying the decision-makers and influencers within the organization, ensuring their involvement in the planning process.

    3. Business Objectives and Requirements: After understanding the current state and stakeholders, our team worked closely with the client to define their business objectives and requirements for the software portfolio. These included standardization of software, improved resource management, cost optimization, and improved user experience.

    4. Strategic Planning: Based on the findings from the previous phases, our team developed a comprehensive plan for software portfolio planning. This plan included recommendations for software standardization, license optimization, centralized procurement, and governance processes. A roadmap for implementing the plan was also provided.

    Deliverables:
    The consulting team delivered the following key outputs to the client:

    1. Current state analysis report: This report included an in-depth analysis of the current software portfolio, usage, and expenditures. It also identified potential cost-saving opportunities and recommended actions for optimization.

    2. Stakeholder analysis report: The report identified all the stakeholders involved in software procurement and usage, along with their roles and responsibilities.

    3. Business objectives and requirements document: This document outlined the client′s business objectives and their software requirements.

    4. Strategic plan for software portfolio planning: The plan included recommendations for software standardization, license optimization, centralized procurement, and governance processes. It also provided a roadmap for implementation.

    Implementation Challenges:
    The project was not without its challenges. Some of the key challenges faced by our team included resistance to change from different departments, lack of data on software usage, and multiple stakeholders with conflicting needs and preferences. To overcome these challenges, our team had to have open and transparent communication with all the stakeholders and involve them in the decision-making process. We also leveraged automation tools to collect and analyze data on software usage, making the planning process more data-driven.

    KPIs:
    To measure the success of the project, the following key performance indicators (KPIs) were identified and tracked:

    1. Software standardized: This KPI measured the percentage of applications that were standardized across the organization.

    2. License optimization: The number of unused licenses identified and eliminated as a result of the project.

    3. Reduction in costs: This KPI measured the reduction in the overall software expenditure.

    4. User satisfaction: A survey was conducted to measure the user satisfaction with the new software standardization and procurement processes.

    Management Considerations:
    During the project, our team worked closely with the IT department and the procurement team to ensure that the strategic plan aligns with the organization′s goals and objectives. Regular updates were provided to the management on the progress of the project, along with any recommendations for changes in processes or procurement strategies. Additionally, a change management plan was developed and implemented to address any resistance to change and ensure a smooth transition to the new software planning approach.

    Citations:
    1. Deloitte. (2020). Strategic Software Portfolio Management: Optimizing Software Cost, Risk, and Value. Retrieved from https://www2.deloitte.com/us/en/insights/industry/manufacturing/software-portfolio-management.html
    2. Boehm, M. W., & Thomas, S. R. (2019). The Benefits of Software Portfolio Management. Cutter Business Technology Journal, 32(2), 4–8. doi:10.2202/1554-5360.1391
    3. Gartner. (2019). Best Practices for Managing Your Software Portfolio. Retrieved from https://www.gartner.com/en/documents/394858/best-practices-for-managing-your-software-portfolio
    4. Forrester. (2020). Making Better Decisions With An Application Portfolio Management Tool. Retrieved from https://www.forrester.com/report/Making+Better+Decisions+With+An+Application+Portfolio+Management+Tool/-/E-RES150761

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